Maybe you are pointing about Bitcoin investing since this is the safest currency to entrust our money?
But it’s not just that easy because we are working hard for our money and putting here specially to the people who knows nothing about crypto.
But for me?i am investing not to retire earlier but for my family’s future because other than anything they are my priority.
So yeah lets invest for future even what is our target the important thing is starting earlier before the market grows high that we cannot afford to purchase.
Topic: Start investing so you can quit your job and retire early. - page 3. (Read 1330 times)
...then you should start investing and start generating your passive income that can give you stream of cash flow every months without working,..
Easier been said than done.
People already know this and some are already working on it. However, it's not that simple and people can just start right away as we are living in different life standards. And even some already owned an investment, working will not stop there. They still have to manage it along the way.
Investment is not a joke and to start it just to hope for a literal passive income isn't a good idea for me. People should invest to have a stable and regular source of income and not to rely on passive ones. Of course, it needs works but it's happy to work on something that we owned that generates a regular and good revenue. The effort and time spent is worth it.
You are right, easier said than done. Also, passive income most of the time ended up not really passive as along the way, it stops for no reason. I don't believe in passive income as there are so many factors that will contribute to sustain its lifespan. And if one factor is not working, the chain would be derailed and goodbye to passive income that you are waiting for. And in terms of investment, not all people are lucky with this area. It takes a lot of experience and skill to get positive results from this.
Investment is a good start and good choice in life, it will make your money moving. If one is planning make sure to know the basics and understand the pros and cons of this. Also consider when you quit job where will you get regular income for daily expenses because investment took years or months to grow.
Also true, indeed passive income is a big help but do not settle to it because it is not a stable source of money and yes sometimes can be also unpredictable where they will stop from giving you income. For me, it's very tough to quit job for unpredictable investment, no one knows what will be the result of it, it could be good or bad. Maybe just invest on bitcoin but don't quit your job. Either way it is your choice.
Investing at an early age will surely save you from unforeseen situations like that of COVID 19. Just imagine having to back from active work and you have no other investment to make you a good amount of money to take care of your family. How are you going to take care of the daily family needs? I have started saving some money towards the future and I am doing this basically for my kids just in case I depart earlier from this world.
You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.
There's nothing wrong with your statement because I also believe in that. However, it's not always applicable for all the people specially those people from third world country. What they are earning isn't enough to provide their needs thus they can't save money for the investment that gives passives income which you're saying. On the other hand, there is always a way and if you're can find that way then you should create your own. I still believe that each of one of us can be successful no matter what stand we have in this life; we just have to make our own path to make it happen.You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.
There's nothing wrong with your statement because I also believe in that. However, it's not always applicable for all the people specially those people from third world country. What they are earning isn't enough to provide their needs thus they can't save money for the investment that gives passives income which you're saying. On the other hand, there is always a way and if you're can find that way then you should create your own. I still believe that each of one of us can be successful no matter what stand we have in this life; we just have to make our own path to make it happen.
Thinking about quitting from a stable job with an acceptable pay rate is really a tough decision to be made especially when you don't have enough capital to start. Yes, I have a stable job but my salary is not really at high and I would like to find other income resources. But it has to think also that investing crypto isn't really safe, though some people say that they are profiting and really promising.
I believe some find it good and I want to take that chances also but I have to secure first my funds and must have enough capital to start so anything that will happen with my investment journey, I'm not of disgrace.
I believe some find it good and I want to take that chances also but I have to secure first my funds and must have enough capital to start so anything that will happen with my investment journey, I'm not of disgrace.
I think everybody wants to retire early, just enjoy their life and/or their remaining days. Most us, when we got 60 years old or more, we easily get sick and of course we do not want to regret that we did not do things that we want to do or did not even travel. But of course we need money when we retire or else we die for hunger. Investment. Correct. At the very early age like 21 up to 30 years old, we must think of the future and investment is one of the answer. But of course there is risk especially in crypto. Me I try to invest in good coins like ETH and BTC. Also, try to get some insurance wherein your health is secured plus you also have investments.
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I’m baffled at Wikipedia, don’t get me wrong I use Wikipedia too but it can’t never be a reliable source of reference in any of your case study/theory paperwork, you can try I dare you.
I’m baffled at Wikipedia, don’t get me wrong I use Wikipedia too but it can’t never be a reliable source of reference in any of your case study/theory paperwork, you can try I dare you.
That's why I think that YouTube is better than wiki in regard to education.
“It is never too late...”, that sound inspiring enough until you stumble upon crowd of users who salty about not afford to quit their daily paycheck job. They can’t quit their job because they’re... too late I supposed? Too late to make adjustment, their life is wobbling and at the verge of total collapse, the paycheck is the only strength that keep it afloat, and you tell them to quit and put their life at stake? Yep that’s suck when you’re too late and you wouldn’t know what to do except working endlessly, you know who are them? I got to know a middle aged civil servant, who work day and night, and he sleeps at internetcafe-cum-capsule-hostel. He has no way of getting out of this cycle of poverty, because whatever money he made immediately get garnished to pay for child support. And the debt grow faster than his paycheck, so he can never get out of the life cycle, paying for his ex-wife for her lavish lifestyle and for HER kids that HE never allowed to see or keep contact.
Well, that's what he's telling you, but it isn't necessarily the truth. But we can go far out of topic this way.
If you think that for this particular guy, investing in something else than education is better, I'm not going to argue with you. You know him better than I do. But in general, I insist that uneducated person can hardly make a right decision about investing.
I think investing would not make me stop my job or my career, investing is really good thing to do, so we all should do this thing because we can make money from it, just know the basics of investing, know the different cryptocurrency and always observe and analyze the market, but for me I can still do it while I am working so I don't need to stop my work because I can do both at the same time.
I don't hate this advice, but you give only half the information, like telling the way but not giving directions.
I'm sure everyone also wants to invest in giving passive money every day/month/year. but most of us don't understand how to invest and what places are suitable for beginners like us.
I'm sure everyone also wants to invest in giving passive money every day/month/year. but most of us don't understand how to invest and what places are suitable for beginners like us.
You'd like other people to do all the work for you so that you can drink champagne and eat caviar?
There's a reason why not all of us can be rich and that reason is people's stupidity and laziness. A smart person will accept the advice and try to use it. A dumb person will get discouraged because there's some small obstacle on the way and then complain they're still poor.
You want to know how to invest in cryptocurrency?
Step 1: buy bitcoin
Step 2: put in cold storage and forget about it for another 2 years.
Everybody want to get rid of their life and they’re working day in day out, 24/7, never ending working, we are miles better, with avarage US employee work 1768 hours per year or 38.6 hours per week, better than Beijing 2096 hours, Tokyo 1997 hours, Shanghai 1987 hours, Seoul 2307 hours, Dubai 2323 hours, New Delhi 2511 hours, Mexico 2622 hours.
The table didn’t deduct the time spend on commuting to work, lunch break, commuting to home, and yes, we are more than 10% better than busy Japanese working culture.
You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.
I'm sure everyone also wants to invest in giving passive money every day/month/year. but most of us don't understand how to invest and what places are suitable for beginners like us.
Note: Bitcoin investment is not suitable for beginners, everyone knows that bitcoin is volatile and out of control. Maybe how can we understand about investment according to expertise or at least understanding the information we have? is the best way to start.
Start investing only with bitcoin for getting much profit because right now is not good moment for altcoin and look down although bitcoin break with higher price, we got few minutes ago when bitcoin break more than 8% but altcoin never allowed to higher price.
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In my most humble opinion: Wikipedia = youtube
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In my most humble opinion: Wikipedia = youtube
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Yes, Wikipedia is a good source of information, but sometimes you need a teacher to learn something, and YouTube has plenty of them. You just need to choose what suits you personally.
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Should uneducated fools invest? As soon as possible, making small mistakes and improve, it’s the basic rules of education, unless you’re too late to get out of the mistakes in your career.
Should uneducated fools invest? As soon as possible, making small mistakes and improve, it’s the basic rules of education, unless you’re too late to get out of the mistakes in your career.
First of, it's never too late, because there is no such thing as fixed lifespan. For some people life only begins in their 60s, while for others it ends in their 20s. And if you are saying that trial-and-error approach is good for investing, I beg to differ with you. There are many fields where this approach works good, but investing is not one of them. You are very likely to lose most of your money before you learn something this way. So, by "it's never too late" in the beginning of my post, I meant it's never too late to start studying, because this is what can really make your life better, and not only psychologically, but money-wise too.
I’m baffled at Wikipedia, don’t get me wrong I use Wikipedia too but it can’t never be a reliable source of reference in any of your case study/theory paperwork, you can try I dare you.
“It is never too late...”, that sound inspiring enough until you stumble upon crowd of users who salty about not afford to quit their daily paycheck job. They can’t quit their job because they’re... too late I supposed? Too late to make adjustment, their life is wobbling and at the verge of total collapse, the paycheck is the only strength that keep it afloat, and you tell them to quit and put their life at stake? Yep that’s suck when you’re too late and you wouldn’t know what to do except working endlessly, you know who are them? I got to know a middle aged civil servant, who work day and night, and he sleeps at internetcafe-cum-capsule-hostel. He has no way of getting out of this cycle of poverty, because whatever money he made immediately get garnished to pay for child support. And the debt grow faster than his paycheck, so he can never get out of the life cycle, paying for his ex-wife for her lavish lifestyle and for HER kids that HE never allowed to see or keep contact.
~
In my most humble opinion: Wikipedia = youtube
~
In my most humble opinion: Wikipedia = youtube
~
Yes, Wikipedia is a good source of information, but sometimes you need a teacher to learn something, and YouTube has plenty of them. You just need to choose what suits you personally.
~
Should uneducated fools invest? As soon as possible, making small mistakes and improve, it’s the basic rules of education, unless you’re too late to get out of the mistakes in your career.
Should uneducated fools invest? As soon as possible, making small mistakes and improve, it’s the basic rules of education, unless you’re too late to get out of the mistakes in your career.
First of, it's never too late, because there is no such thing as fixed lifespan. For some people life only begins in their 60s, while for others it ends in their 20s. And if you are saying that trial-and-error approach is good for investing, I beg to differ with you. There are many fields where this approach works good, but investing is not one of them. You are very likely to lose most of your money before you learn something this way. So, by "it's never too late" in the beginning of my post, I meant it's never too late to start studying, because this is what can really make your life better, and not only psychologically, but money-wise too.
This is what we called the Rat Race, I learned that name from the books of Robert Kiyosaki. If we want to have an early retirement then it is better if we will invest in our early stage. There are now many powerful investment vehicle that we can choose in order to grow our money but we should always be sure that we know what we are doing because investing is not easy, it requires a lot of knowledge and skills in order to protect our money and manage to grow it.
I have a day job but I have now different investments, I have a goal which is to retire at early age and I know I can do it because I keep improving my cash flows. I have now different investments in diffent industries like the stock market, forex and of course cryptocurrencies. I manage to trade some of it where I earn money. Let's focus on improving our cashflow.
I have a day job but I have now different investments, I have a goal which is to retire at early age and I know I can do it because I keep improving my cash flows. I have now different investments in diffent industries like the stock market, forex and of course cryptocurrencies. I manage to trade some of it where I earn money. Let's focus on improving our cashflow.
You call it rat race, I call it life trap, they’re about the same, in order to invest successfully one should understand how to make people fall into life trap, this way you can have a lot of control on your ROI, you don’t really need a lot of knowledges about investing, what you really need is security on your investment, the same goes for south sea company, you need to make sure the shipment safety and avoid getting ambush by the sea pirate.
investing doesn't look as easy as it sounds.
You don't just put money down and hope its value will increase in the next few years.
if you invest in the wrong place then your money will not produce but decrease or run out.
that is why there are people whose job is to help people in choosing a good investment tool for now, determine the plan and time period of your investment.so it's not just about collecting money and putting it in a company or commodity.
You don't just put money down and hope its value will increase in the next few years.
if you invest in the wrong place then your money will not produce but decrease or run out.
that is why there are people whose job is to help people in choosing a good investment tool for now, determine the plan and time period of your investment.so it's not just about collecting money and putting it in a company or commodity.
As you still beginner and get profit without in daily day never try this suggestion because bad for your financial, you can imagine when bitcoin and altcoin down like this where you get profit although with trading and you must lost your money, but when you still working you can get source income when bitcoin stop giving profit for you.
because of that, don't put all of your assets into any type of investment you want. use only 30 to 40% of the assets you have. Yeah, but if you don't have a job, it doesn't mean you don't have income. honestly, you are right, that those who have assets that are right for themselves, you should avoid any type of investment first, because we know that investing is really risky.If people were able to invest starting in 2015 in crypto, they should be retired by now because the bull run last 2017 will already made them successful with their goal. The crypto market is very risky but we can't deny a lot of people already made a fortune here, so it's not too late, who knows 10 years from now bitcoin will already be worth $500K or more, as long as you believe, you'll never doubt its future.
As you still beginner and get profit without in daily day never try this suggestion because bad for your financial, you can imagine when bitcoin and altcoin down like this where you get profit although with trading and you must lost your money, but when you still working you can get source income when bitcoin stop giving profit for you.
because of that, don't put all of your assets into any type of investment you want. use only 30 to 40% of the assets you have. Yeah, but if you don't have a job, it doesn't mean you don't have income. honestly, you are right, that those who have assets that are right for themselves, you should avoid any type of investment first, because we know that investing is really risky. ~ so education based on youtube? So the Like button and subscribe is the meritocracy system? So student study based on who got the most likes buttons? Really?
Check it yourself, and then tell what you think. Go to YouTube, search "theory of evolution", for example. Although most liked, or most viewed, videos on this subject are not necessarily the best ones, you will surely find very good educational videos in the top 20. And this is also true for other subjects, not only for the "theory of evolution".
Many people treat "fake internet points" with suspicion, and in many cases they have reasons for that, but from my experience the most liked and most viewed vids are usually the most relevant ones.
Back to our topic. Do you really think that to start investing is a good idea for an uneducated person?
Investing should be broadly accept by all group of people. But it’s the mindset that holding people to question whether who/what/why/when should invest and who/what/why/when shouldn’t invest. People disdain to make mistakes and losing profit, it’s clearly demonstrates on more and more people rushing to safe havens and fixed income, when we stop making mistakes, we stop making innovation, we stop investing, we stop getting out of the basement, we stop basically thinking about getting out of comfort zone, stop thinking about quitting your paycheck job. I can’t think of which successful investors didn’t make a lot of lives costing mistakes, even genius Albert Einstein make thousands failed attempt to build a lightbulb.
Should uneducated fools invest? As soon as possible, making small mistakes and improve, it’s the basic rules of education, unless you’re too late to get out of the mistakes in your career.
There are many types of investments and I think there are many people who do it. Everyone, of course, thinks about their future and wants to live an old day with a life of sufficiency. The investment form is numerous and one of them is investing cryptocurrencies. Many people are interested in investing in crypto but they are afraid because the price of fast cryptocurrencies is changing rapidly. I really appreciate your efforts to think of the future. We were young and it was time for us to work hard by investing.
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